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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Evansville at 722 S Barker Ave, Evansville, IN, 47712 priced at $184,500 converts $1,800/mo rent into $693/mo cash flow after a $903/mo obligation. Total monthly income equals $1,800/mo, and annual cash flow totals $8,310/yr on $61,162 invested. Return on cash invested prints 33.5% in year one, and rental yield reads 11.71% against a $184,500 entry. Equity gained on principal adds $1,191/yr, while 5% annual appreciation compiles into $50,974 by year five. Five-year ROI reaches 175.5% and total cumulative return in cash sums $107,342. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $903/mo payment, not borrower’s personal income.
Single Family
Built in 1919
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47712, Evansville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,417 (100%) |
| Owner Occupied HU | 6,822 (59.8%) |
| Renter Occupied HU | 3,381 (29.6%) |
| Vacant Housing Units | 1,214 (10.6%) |
| Median Home Value | $224,192 |
| Average Home Value | $254,495 |
Residential
10,381
Single Family
9,635
Multi-Family
746
Businesses
517
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Drew Mathews • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls ID: #202539460
